Repetitive Backing and Laying with Stop-Loss BetFair betting bot - MarketFeeder Pro - triggered automated betting software
- Greening Up (Hedging)
- Repetitive Backing And Greening Up
- Repetitive Backing and Laying with Stop-Loss
- Repetitive Laying and Greening Up
- Laying Before the Off, Greening-Up or Covering the Loss In-Play
- Backing When Price Goes Down, Greening Up Or Stopping the Loss
- Lay When Price Goes Up, Then Green Up Or Distribute The Loss
- Backing on 'Under 2.5 Goals
- Laying When The Price Falls Below 1.1, Then Greening Up
- Greening up The Draw, or Distributing the Loss Equally
- Continuous backing and geening-up, with stop-loss
- Continuous laying and greening-up, with stop-loss
- Trailing Green-Up
- Trading on the overpriced favourite
- mapoboss @ Tue, 08 Jun 2010 14:21 GMTthere isn't stop-loss in this trigger....
- Feeder @ Sun, 19 Sep 2010 21:40 GMTThe stop-loss is not in the triggers, it's in the settings which are mentioned above.
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Description
This example is very similar to the previous one, except that it involves stop-loss options. It backs and lays on the favourite (if its price is less than 5.0) expecting to win a profit of 1.5% on each bet, but if the lay bet drifts away from the current odds by more than 10 ticks it'll get matched at the best available price to reduce possible losses. The betting is kept till 5 minutes before the off.
Settings
Stop-Loss
Post unmatched bets at best available prices:
• if the original price is no less than 11 ticks away from the current one
• if the time left till the off is less than 4.5 mins
Trigger Block
Click here to download the trigger file.
Short Explanation
See explanations to the previous trigger example. Why 1.015? Because in order to win 1.5% of the bet you must lay 101.5 % of the backed amount. It's better to offer an example.
Back £10 @ 3.0
To win 1.5% you must win £0.15.
Lay £10*1.015 @ 3.0/1.015 = Lay £10.15 @ 2.96
If back bet wins, you'll get £10*2 - £10.15*1.96 = £0.106
If lay bet wins, you'll get -£10 + £10.15 = £0.15
The amounts are not equal because 3.0/1.015 is actually 2.95, not 2.96, but we had to round the price to the nearest valid price increment. If it were 2.94, you would get £10*2 - £10.15*1.94 = £0.3 instead of £0.106.
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